ServiceTitan (NYSE: TTAN) director-linked Bessemer funds sell Class A shares
Rhea-AI Filing Summary
ServiceTitan, Inc. director and 10% owner designee Byron B. Deeter reported open-market sales of Class A Common Stock executed by Bessemer-affiliated funds. Bessemer Venture Partners VIII L.P. sold 5,490 shares, BVP VIII Institutional L.P. sold 6,613 shares, and 15 Angels II LLC sold 374 shares at a weighted average price of $70.54, in multiple trades between $70.50 and $71.03.
After these sales, BVP VIII, BVP VIII Inst, and 15 Angels hold 2,369,286, 2,849,411 and 127,260 shares of Class A Common Stock, respectively. Deeter, a Bessemer partner, has only an indirect, passive economic interest and disclaims beneficial ownership beyond any pecuniary interest.
Separately, Deeter’s direct holdings include 19,581 Class A shares, which reflect 17,690 shares received via pro rata in-kind distributions from Bessemer funds on March 26, 2026, plus 1,891 restricted stock units that vest in full on September 15, 2026, with any shares or sale proceeds assigned to Deer Management Co. LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 0 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- On June 15, 2026, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold 5,490 shares, 6,613 shares and 374 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $70.54. These shares were sold in multiple transactions at prices ranging from $70.50 to $71.03. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VIII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities. After the sales, BVP VIII, BVP VIII Inst, and 15 Angels, own 2,369,286 shares, 2,849,411 shares, and 127,260 shares of Class A Common Stock, respectively. Includes an award of 1,891 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof. Includes 17,690 shares of Class A Common Stock received by the Reporting Person in one or more pro rata distributions-in-kind from Bessemer Funds on March 26, 2026, which distributions were made in accordance with the exemption afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.